Case Study: Inchcape Shipping Services achieves 8x faster payments and centralized global cash visibility with Kyriba

Inchcape Shipping Services cuts payment time from 8 minutes to 1 with Kyriba

Inchcape Shipping Services, a global port agent, faced a significant challenge with fragmented cash visibility and control across its operations in 60 countries. With cash scattered across approximately 600 bank accounts and numerous currencies, its manual processes led to slow reporting, high risk, and payment delays. To address this, Inchcape partnered with treasury and finance platform vendor Kyriba to centralize liquidity and automate payments.

By implementing Kyriba's platform, Inchcape automated its payment workflows and gained a single, real-time source of truth for its global cash. The solution reduced payment processing time from 8 minutes to approximately 1 minute per transaction and eliminated manual errors. This enhanced visibility allowed Inchcape to identify and unlock trapped liquidity, which it used to self-fund acquisitions and transformation without external financing. For this successful project, Inchcape and Kyriba earned an Adam Smith Global Treasury Award.

Inchcape Shipping Services